It was approximately 12:10 am, when I got up to close the windows in my living room, (facing west). I noticed a bright orange light flying in a southeast direction coming from the west(the beach). It didn’t make any noise, and did not resemble an airplane. It just seemed to be floating by at a very steady pace. I ran into the bedroom and looked out the window there, by this time I had called my husband to come look at the object. That widow faces south. The object was still moving in a southeast direction. A shooting star shot across the sky, and the orange light dimmed and faded away, it left a cloudy haze. It looked like a parachute came out of it. It was dark and I could not see the color of the parachute, but it resembled a giant transparent jellyfish. It slowly floated downward until I could no longer see it. My husband saw the faded orange light and the giant jellyfish. We figured it might have just been an aircraft since there is a naval base in that area. As I researched what we witnessed, I found this site with similar sightings. We both believe it was a UFO we saw last night.